Essex Realty Group Sells 56-Acre Development Site In Ottawa, IL
2200 North 3559th Road
$450,000
Building Size
—
Asset Type
Development Site
Closing
Oct 4, 2022
AI
Congratulations to Abe Eilian and Brian Keegan of Essex Realty Group, Inc. on the successful sale of a 56-acre development site located at 2200 N 3559th Rd in Ottawa, IL. The property was sold for a total price of $450,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $450,000
- Date: 10/04/2022
- Market: Ottawa, IL
- Brokers: Abe Eilian & Brian Keegan - Essex Realty Group, Inc.
We are excited to see what the new owner has planned for this 56-acre site in Ottawa, IL. If you have any questions about this sale or are interested in exploring other available properties, please contact Essex Realty Group, Inc.
Players
Ottawa Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
35.25%
Cash-on-Cash
-10.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93